The rise of e-commerce is creating structural change, resulting in continued demand and growth in the industrial and logistics sector. Well located industrial areas with land availability constraints will see proposals for multistorey warehouses in 2019. All residential markets are in decline, in terms of construction activity and/or prices. Significant changes in immigration policy would likely be an added drag on markets already facing a period of price correction.
The Australian Labor Party (currently in opposition) generally prefers a bigger public sector, and if they win the election we expect ACT white collar employment will grow at a faster clip over the medium-term outlook period. In 2018 strong demand coupled with dwindling supply saw significant land value growth in these markets, with 1.6ha lot land values in Australia increasing, on average, by 6.3%, driven by exceptionally strong growth in Melbourne (21.9%).
Residential property lending in Australia declined again in September, in a continuation of the recent trend. The implications of the current tax regime (as detailed in our 2018 report A Taxing Time for Build-To-Rent) are an ever-present issue for investors seeking viable returns on BTR investments; unfortunately, we don’t see this changing in the medium-term. South Australia, Applying Behavioural Science to Create Change The pace of progression in this emerging sector is expected to pick up in 2019 as changing conditions in the residential market, particularly falling land values, improve potential returns for prospective build-to-rent developments.
Business travel is highly cyclical and reflects changes in business conditions.
Online shopping at present accounts for only 9% of Australia’s total retail trade, but this is expected to increase to 12% by 2022, representing an 77% increase in annual volume from $24.4 billion to $43.1 billion. If you decide to apply for a home loan, you will deal directly with a financial institution, not with Canstar.
Investors recognise that Brisbane’s outlook has turned more favourable than in recent times and that it represents good value for money compared to Sydney and Melbourne.
Australia also has strong tourism fundamentals, good linkages to Asia and stable economic fundamentals, making it the most preferred investment destination in the region.
2019 will see the supply pipeline turned back on after being virtually dormant for two years. The stock market declined in value in 2018 and dwelling prices in many markets are currently doing likewise.
Of the six broad retail categories the biggest improver in 2018 was clothing, footwear and accessories – improvement that echoes the fact consumer confidence reached a
In Australia we have federal and New South Wales state elections coming up, and globally the US / China trade war and Brexit are denting confidence. The Precinct GPO building in Adelaide will be completed in 2019 but supply is muted in following years. Retail is in the midst of a structural change that is transforming the sector. Flexible home loans to suit you whatever stage you're at. Lecturer in Finance, University of Sydney. They anticipate the green shoots of the last few months of 2019 lending continuing into 2020. Rates and product information should be confirmed with the relevant financial institution.
Further statistics can be found in the visualisation below. The Gold Coast was the top performing market, underpinned by hosting the Commonwealth Games in April 2018.
Source: REIA, CBRE Research, February 2019. The share of investors in Australia's home loan market has dropped to its lowest level since October 2009, as the supply of housing in major cities starts to rebalance at a time where banks have tightened lending requirements in the wake of the royal commission.
over the three preceding years. Ostensibly returns presented may seem low, but we expect that in five years’ time yields will have softened.
The ‘Big Four’ banks in Australia have been under increasing pressure to tighten up their lending practices across all property sectors, not just residential.
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0476 601 256 . This trend will continue in 2019. The Hobart hotel market will grow in size by 20% annually over the next three years (figure 8).
Of the limited number of projects that are accepting ‘pre-leases’, they have seen a steady stream of tenants signing up, indicating that on face-value people are keen to try this new concept of rental accommodation.
This positive momentum isn’t limited to the office market as both the retail and industrial sectors in these cities are expected to see stronger investor demand as they rebound from sluggish years. There are significant uncertainties this year that could profoundly impact the residential sector: Credit availability The closure of major incumbent bricks and mortar retailers has gained pace since 2014, with almost half of those being retailers of mid-range apparel (figure 4). Digital Communication and Work Stress in Australian Universities Survey (supported by the Australian Research Council), Applying Behavioural Science to Create Change, pouring water on the notion of a “property bubble” recently, RESEARCH FELLOW IN DEEP LEARNING FOR CYBER SECURITY, Research Fellow - Composite Materials and Structures, Associate Research Fellow, Genomic Epidemiology. Bring your walking shoes, Padding with a passion: Jonathan Anderson is Moncler's latest 'genius', 'Failed painter' creates artworks of uncanny architectural allure, Why you shouldn't scoff at the name of this new Mercedes, Meet the woman in charge of creating Chanel's make-up, The luxury's in the details of the new S-Class, The most powerful woman in fashion you’ve never heard of.
CBRE has determined that e-commerce will create demand of an additional 350,000sqm of new industrial and logistics space in Australia each year until 2022.
There are a number of smaller LNG projects in Western Australia that could receive the green light in 2019-20. We forecast a greater rate of convergence in effective rent growth (figure 3) between markets as the effects of a slowing economy and a new supply cycle begin to temper the pace of rental growth in Sydney and Melbourne.
But over the next few years the national supply pipeline is ramping up: net supply over 2019-20 will total 744,000sqm. Figure 1: Australian household debt to income ratio, Source: RBA, CBRE Research, February 2019, Source: Bank of International Settlements, CBRE Research, February 2019, Bradley Speers
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“To date, the RBA has remained relaxed about the fall in dwelling prices because the broader economy has performed relatively well.”. In December 2015 the lending rate for investor interest only loans was 9bps higher than owner-occupier principal and interest loans.
We forecast Melbourne CBD vacancy will bottom at 3.1% in H1 2019 and then peak at 9.3% in 2022. Conversely, sub-regional shopping centres haven’t performed as well but do represent value-add plays so we expect more of these to transact in the next few years as investors seek new opportunities for higher yielding assets and back themselves to improve assets.
Refinancing your home loan to take advantage of a lower interest rate might save you money. Land prices have grown strongly for inner city locations over recent years, yet industrial demand will continue to grow as last-mile logistics becomes increasingly important for supply chain efficiencies. We expect further compression in all office markets in 2019, ranging from 10bps to 30bps. "We think the drop off in investors could be them responding to their own city's fundamentals," Mr Colhoun said. Overseas migration But some markets will prove more resilient than others.
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